9:49 PM,
Mar. 17, 2014

Traffic takes the roundabout looking east along 131st Street at Hazel Dell Parkway in Carmel.

Written by

Brian Eason
brian.eason@indystar.com

The Carmel City Council is poised to refinance more than $100 million in debt in pursuit of $3.6 million in savings.

The only question? Whether the savings will come mostly upfront or be spread over coming decades.

The debt stems from three bond issues from 2005 and 2006: $28 million to widen Hazel Dell Parkway and install roundabouts, $52 million to help pay for The Center for the Performing Arts and $72 million used for several road projects. ...